19OCTOBER 2024industries, railways, metros, windmills, automotive (on-road and off-road vehicles), mining, construction, agricultural equipment, food and beverage, port yard equipment, metal handling, oil and gas, and recently, the defense sector. This extensive experience has made Luberr a trusted and adaptable brand in the Indian industry", says Sujatha.Early InceptionRikkon Group, a family business, started in 1994 under S. Venkatesan's guidance. Utilizing his Tyre Factory experience and the mechanical engineering expertise of his two sons, the company focused on designing, developing, and manufacturing lubrication systems in India. In 2004, Rikkon became a private limited company and launched the LUBERR brand in 2012. The company earned ISO certifications, DSIR recognition for its in-house R&D unit, several patents, and RDSO certification as a railway lubrication equipment manufacturer. Under a diverse Board of Directors, Rikkon is poised for significant growth, reinvesting revenue back into the business as first-generation entrepreneurs. "We were encouraged by many big OEM to develop since we were young energetic dedicated team. What RIKKON is today is all due to our Customers, Suppliers and Employees who we have journeyed along in these 20 years", says Aravindhan.Future Growth"Our future roadmap is focused on innovation and growth, aiming to achieve 5 billion in revenue over the next five years. Key elements of our plan include continuous product innovation and enhancing our portfolio with advanced technologies, such as smart lubrication systems integrated with IoT and AI for predictive maintenance and real-time monitoring", adds Sujatha. The firm also plans to expand into global markets, particularly in the railway sector, with specialized lubrication systems for tracks and locomotives, including upcoming high-speed trains. Luberr collaborates with European technologies and has a design team in our German subsidiary, Luberr GmbH. Committed to sustainability, the company adheres to sustainable manufacturing practices, focuses on reducing environmental impact through energy-efficient production, and recycles materials. The firm's R&D efforts include researching graphene-based lubricants to enhance equipment life. Significant investments will be made in its R&D center to drive innovation and develop next-generation lubrication solutions. The firm is also forming strategic partnerships with key industry players to expand its market reach and enhance its product offerings. In addition to its core lubrication solutions, Rikkon Group of Companies, are diversifying into new product lines to drive organic growth. The company's relentless pursuit of innovation has led to the development of Vayuneer, an atmospheric water generator (AWG) that produces pure drinking water from the atmosphere, addressing environmental concerns by conserving groundwater. This product, developed during the COVID-19 pandemic, showcases Luberr's commitment to sustainability and innovation. While Vayuneer is not yet commercialized, it is available in various capacities to meet the needs of households, commercial offices, and small industries. Looking ahead, the company is also expanding into automotive component manufacturing and wiring harnesses. Rikkon, has recently acquired a company 'Bharath Auto Cables', Hosur, for Wiring Harness products for Automotive and Industrial sectors. This strategic diversification aims to foster comprehensive development and expand Rikkon's presence in the global market, ensuring the company continues to innovate and grow. Late S. VenkatesanFounder Chairman
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